S&P 500 - Triple Screen 'Technical Analysis' - Week: 12 November to 16 November, 2012 - Bears Gain some more

S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price)  (or) EOM Chart:

S&P 500 - End of  Month Chart (EOM) - 16 November, 2012

 Above is the Month Chart - EOM - analyzing Data from mid 2009, onward

S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price) (or) EOW Chart:

S&P 500 - End of  Week Chart (EOW) - 16 November, 2012

Above is the Week Chart - EOW -  analyzing Data from Q4, 2011, onward.

S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:

S&P 500 - End of  Day Chart (EOD) -  16 November, 2012

Above is the Day Chart - EOD -  analyzing Data from Oct'2012, onward.

Learning from the Past Week:  (click here for the post)

The last three candles on the EOM #1 resembles a Three Inside Down - having gone below last month's close as studied - last week rewarded the Bears who caught on to this move.
Our EOW channel #3 is redrawn to include a larger time frame - now shows the price breaking out of the channel. 
Support on the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5 works as the Price comes back to end around this level.

Looking forward into the next Week:

The Blue center line of the Month Channel #1 and the '23.6% Fibonacci retrace of the Oct'07 High and Mar'09 Low' #1 and #5  are supports after this fall.
13 SMA #1 on Month Chart is immediate support for the Bulls and the MVWAP 34 on the Week chart #3 is the immediate resistance.
STS #2 position shows the long term strength at this point of time - and one sees another up move beyond above immediate resistances.

EOW channel bottom #3 could see the price testing it on a pullback, on this up move.
So staying above last week's close i.e. on the '23% Fib' - one sees the Bulls returning fire - with the pull back discussed above, to start with.